Acal has good six months with market 'stablising'
Acal has reported a good second half of the year ending 31 March 2013.
The distributor said the increase in electronics orders reported in the first half has continued into the second half rising by 9% for the four months ended 31 January compared to the same period last year.
“The growth in orders has continued into the second half, being 9% higher than the prior year, and is starting to flow through into increased sales,” said Nick Jefferies, group chief executive.
Market conditions are “stabilising,” said Jefferies.
Acal said that second half electronics sales are expected to be ahead of the first half.
Gross margins have remained firm and at a level similar to that of the first half.
The second half has continued to benefit from last year’s cost reductions with operating costs having reduced by 9%.
Accordingly, the Group remains on track to achieve full year results in line with management expectations.
Acal launched a new web marketing platform in the UK this week.
“It provides a platform with which to reach new customers and we look forward to its roll out throughout the rest of Europe over the coming months,” said Jefferies.